Tax deductibility of COVID-19 test expenses – what is the existing law and are the proposed ITX and FBT changes necessary (yes)
On 11.2.22, the Tax Institute emailed members (in TaxVine 3) the views of their Senior Advocate: Robyn Jacobson, CTA, on the existing laws about the interlocking income tax and FBT treatment, of the costs of COVID-19 tests and the necessity of the recently announced changes to the law. They are to ensure the deductibility of…